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Any Indicator OR way to " Calculate " ...


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Any Indicator OR way to " Calculate " ...

  #1 (permalink)
 mdsvtr 
Memphis,TN
 
Posts: 232 since Sep 2010

what a future's average Pullback has been ( after a trade has been entered ) , in both ticks and Points ?

I am thinking that this could be configured and calculated, in the same way that a Future's ADR is calculated..... by taking 3 different LookBack periods ( Current day, 10 day and 20 day ) for example
And then getting the ADR from those three , and plotting the ADR high and low for the next days trading

Is there a way to use a similar method , but have it calculate out what the Average Pullback has been " After a Trade has been Entered "

So the variables associated with this , would be different from the way in which the ADR is calculated, because we are trying to find out the number of ticks/Points that a trade has pulledback on us, at the point of Entry , over an X time period of time ?

This could really help out with stop placement " as a reference of course "


Thanks to anyone who can share if an Indicator like this already exists
or if there's anything that needs to be addressed in order to have an Indicator like this developed

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  #2 (permalink)
 mdsvtr 
Memphis,TN
 
Posts: 232 since Sep 2010

So apparently MAE is the measurement for the question at hand

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